Eaton Increases Dividend by 11 Percent

DUBLIN--February 27, 2013: The Board of
Directors of diversified industrial manufacturer Eaton
today declared an 11 percent increase in the quarterly cash
dividend from $0.38 per common share to $0.42 per common share. The
dividend is payable March 22, 2013 to shareholders of record at the
close of business on March 11, 2013.

Eaton estimates that the majority of the dividend will be treated as
a
return of capital to U.S. shareholders. Additional information about
the
tax treatment of the dividend is available at the investor relations
page of the Eaton website, Eaton .
Eaton is required to file an IRS form indicating the estimated
percentage of the dividend to be treated as a return of capital to
U.S.
shareholders after each quarterly cash dividend is paid. When filed,
the
IRS form will also be available at the investor relations page of the
Eaton website.

Eaton has paid dividends on its common shares every year since 1923.

Eaton is a diversified power management company providing
energy-efficient solutions that help our customers effectively manage
electrical, hydraulic and mechanical power. With 2012 sales of $16.3
billion, Eaton is a global technology leader in electrical products,
systems and services for power quality, distribution and control,
power
transmission, lighting and wiring products; hydraulics components,
systems and services for industrial and mobile equipment; aerospace
fuel, hydraulics and pneumatic systems for commercial and military
use;
and truck and automotive drivetrain and powertrain systems for
performance, fuel economy and safety. Eaton acquired Cooper
Industries
plc in 2012. Eaton has approximately 103,000 employees and sells
products to customers in more than 175 countries.